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The Latest Breaking News from Economy

AI Giant Nvidia Becomes First Company To Reach $4 Tn In Value

Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street's bet that artificial intelligence will transform the economy.

International Business Times

Donald Trump broadcasts his desperate need for attention with yet another move from his usual playbook

Largest economy among six.

We Got This Covered

TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

The Independent UK

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Has the U.S. Dollar Index Bottomed? Why I Think the Answer Is ‘Yes.’

Raw commodity bulls should embrace the apparent rebound in the U.S. Dollar Index.

Barchart

Give asylum seekers the right to work in Britain

Letter: The UK would not be an outlier if it allowed refugees to work – and doing so would bring a net benefit to the economy, writes Pete Winstanley

The Guardian - UK

Airline Food: Economy Vs. First Class (30 Pics)

What used to be a woman's size 12 in 1968 is a woman's size 4 today; what used to be third-class is economy-class today. What changed? We've grown more sensitive: I'm not overweight, I still fit into a size 12. I'm not a third-class passenger, I'm a price conscious individual…

Bored Panda

Starmer declines to rule out wealth tax as Badenoch brands him ‘weak’

Prime Minister fails to rule out tax on overall wealth as Tory leader tears into Prime Minister over ‘series of chaotic U-turns’

Evening Standard

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Keir Starmer sticks by fiscal rules despite dire economic warnings

KEIR Starmer has pledged to stick with Labour’s self-imposed fiscal rules – despite dire warnings about the state of the economy.

The National (Scotland)

Scottish and UK Governments must act to save Alexander Dennis, say MSPs

Holyrood’s Economy and Fair Work Committee said immediate action must be taken to stop the end of bus manufacturing in Scotland.

Evening Standard

There's a 'growing risk' Fed will have to cut interest rates by 50 basis points in December to 'catch up' to a sagging labor market, Oxford Economics

Interest rate cuts could mean the economy is in the clear after the spring’s recession fears—or the labor market suddenly collapsed.

Fortune

Virgin Atlantic: 5-year plan includes Starlink wifi and more posh seats, but not a return to Gatwick

Plane Talk: When Richard Branson founded his airline, only 5% of seats were better than economy – on some planes soon it will be 45%

The Independent UK

SNP urge Reeves not to cut Isa tax-free allowance

SNP economy spokesman Dave Doogan said the move could ‘clobber’ 1.3 million Scots who have cash Isas.

The Independent UK

Stock Market Today: Trump Reextends His Tariff Deadline

When it comes to this president, his trade war, the economy, financial markets and uncertainty, "known unknowns" are better than "unknown unknowns."

Kiplinger

Trump threatens Aussie medicines with bitter tax pill

One of Australia's biggest US exports has been threatened with hefty tariffs, but many doubt whether Donald Trump will actually impose the measure.

AAP

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The Conversation

Four reasons why many of us feel the global economy is not on our side

During my adult life, I have never experienced what it’s like to live in a “good” economy. Starting with the global financial crash in 2008, which hit just as I began studying economics, the world seems to have lurched from crisis to crisis and the UK economy even more so.

Benzinga

Peter Schiff Says Trump's Tax Cuts 'Won't Grow The Economy.' Instead, He Warns They'll Lead To Higher Interest Rates And Inflation

Economist and market commentator Peter Schiff is cautioning against President Donald Trump's latest tax and spending package, saying it could do more harm than good for the U.S. economy.

The Guardian - UK

Britain remains trapped in poor economic policy

Letters: Readers respond to Randeep Ramesh’s article on the flaws in Labour’s approach to the economy

The Independent UK

Voices: Readers torn on wealth tax – from ‘the only counterbalance’ to ‘utterly counter-productive’

YOUR VIEWS: Discussion of a wealth tax has ignited a lively debate among our community, with some calling it a necessary step to tackle inequality and fund public services, while others warned it would drive away investment and harm the economy

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Everybody Loves Your Money

10 Jobs That Are Vanishing—But Still Sold as “Secure” Careers

The idea of a “safe” job used to be simple: pick a reliable profession, do it well, retire comfortably, and pass that wisdom on to the next generation. But the modern economy has flipped that old promise upside down. Technology, outsourcing, and automation are reshaping entire industries that once seemed…

The Conversation

How slashing university research grants impacts Colorado’s economy and national innovation – a CU Boulder administrator explains

The Trump administration has been freezing or reducing federal grants to universities across the country.

Barchart

Stock Index Futures Gain With Focus on Trade Talks as Trump Extends Tariff Deadline

September S&P 500 E-Mini futures (ESU25) are up +0.08%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.17% this morning as initial jitters over U.S. President Donald Trump’s latest tariff moves eased, giving way to cautious optimism that there’s still ample room for further negotiations.

Al Jazeera

How strong is US manufacturing, as Trump’s tariff deadline looms?

The US is the world’s second-largest manufacturer after China, adding $2.9 trillion to the global economy.

Benzinga

Why Tokenization Could Outgrow Bitcoin: Crypto's Biggest Success Story

Atul Khekade, co-founder of XDC Network, on Tuesday predicted that tokenization will surpass Bitcoin's (CRYPTO: BTC) transformative power, outlining how tokenization—digitizing and fractionalizing assets like real estate, bonds, and commodities—will reshape the global economy.

The Conversation

Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

The Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.

The Conversation

Welcome to post-growth Europe – can anyone accept this new political reality?

Across much of Europe, the engines of economic growth are sputtering. In its latest global outlook, the International Monetary Fund (IMF) sharply downgraded its forecasts for the UK and Europe, warning that the continent faces persistent economic bumps in the road.

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